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Here is Citi's view

AOE - Citi rates the stock as Buy, High Risk

Following 32% rise in revenue in the December quarter over the previous one and a 16% increase in production, the broker has retained the Buy rating and the target price of $2.91.
The broker has noted that the stock has been punished in the recent downturn and expects it to remain volatile, but still remains confident that management will deliver strong business and share price growth in 2008.

With time and better understanding, the market will view the company's leveraged electricity initiative from the Enertrade acquisition favourably, the broker believes. Sector: Energy.

Target price is $2.91